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| Section | Weight | Objectives |
|---|
| Topic 1: Cyber Risk | 25% | - Cybersecurity threat types - Cyber risk reporting frameworks - Data protection and controls (ISO27001, NIST)
|
| Topic 2: Enterprise Risk | 25% | - ERM frameworks (e.g., COSO, ISO 31000) - Risk registers and assurance mapping - Risk exposure, appetite and capacity - Sources and types of risk
|
| Topic 3: Internal Controls | 25% | - COSO Internal Control Framework - Internal audit and compliance - Designing and recommending controls
|
| Topic 4: Strategic Risk | 25% | - Risks in strategy formulation - Role of board and audit committees - Reputational and governance risk
|
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CIMA Risk Management Sample Questions (Q59-Q64):
NEW QUESTION # 59
The treasurer of IOK is considering entering into a money market hedge in order to hedge a payable.
Which of the following might be valid explanations for the use of a money market hedge for this purpose?
- A. There are no forward contracts available for the purchase of the payable currency using IOK's home currency.
- B. The relevant currency markets are very thinly traded and the treasurer believes that forward contracts are mispriced.
- C. A money market hedge is easier and less expensive to organise than a future or forward contract.
- D. The timing of the payable does not permit the use of a forward contract.
- E. Money market hedges can be unwound whereas positions in derivatives cannot.
Answer: A,B,D
NEW QUESTION # 60
Z is a multinational pharmaceuticals company with operations across Europe, America and Asia.
It is currently investigating the possibility of setting up a chemical and specialist production facility in South America. This would be a multi $billion investment. What steps should Z take to manage the following risks in this long term venture.

Answer:
Explanation:


NEW QUESTION # 61
Match the descriptions shown in the boxes below with the method of quantifying risk exposure it best describes.

Answer:
Explanation:


NEW QUESTION # 62
Which TWO of the following are NOT methods used for risk identification?
- A. Designing a process to deal with complaints
- B. Brainstorming ideas with colleagues from different disciplines within the business
- C. Carrying out interviews on key members of staff
- D. Employing external advisors with specialist knowledge
- E. Accounting for waste in a manufacturing process
Answer: A,E
NEW QUESTION # 63
THG is a quoted company that manufactures expensive clothes that are sold to upmarket department stores THG's Board has commissioned a stress test to identify the impact of strategic risks The consultant who is conducting the test is currently investigating the impact that a 1 % increase in interest rates would have on THG.
Which TWO of the following are valid reasons for including an increase in interest rates in the stress test?
- A. THG might change its prices if interest rates rise
- B. THG is highly geared.
- C. Stress testing was first developed for bank supervision.
- D. Many of the retailers who resell THG's clothes are highly geared
- E. Interest rates affect consumers' disposable income
Answer: B,E
NEW QUESTION # 64
......
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